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Gone whaling: Web fraudsters land a bigger catch


fraud.jpgFirst there was “phishing” – where criminals try to steal people’s personal details using dodgy emails that look like they’re from the bank.

Then there was “spear phishing” – more sophisticated, targeted attempts to defraud specific organisations or their customers.

Now online fraudsters are trying to land even bigger catches by harpooning company bosses and their senior managers.

This latest and most audacious technique is called “whaling”

Fraudsters attempt to lure executives to reveal sensitive details about their business or click on a link in an email that will secretly download malicious software onto their computer.